Trade Summary Market - 02/08/2012

sriranga · 1 Trade Summary Market - 02/08/2012 Thu Aug 02, 2012 4:24 pm

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23041
Reputation : 2855
Join date : 2011-02-01
Location : London

Trade Summary Market - 02/08/2012 Aspi48

Trade Summary Market - 02/08/2012 Cse188

Trade Summary Market - 02/08/2012 Cse287

sriranga

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23041
Reputation : 2855
Join date : 2011-02-01
Location : London

Trade Summary Market - 02/08/2012 Cross35

Trade Summary Market - 02/08/2012 Cont57

sriranga · 3 Following Stocks Reached New High / Low on 02/08/2012 Thu Aug 02, 2012 5:02 pm

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23041
Reputation : 2855
Join date : 2011-02-01
Location : London

Trade Summary Market - 02/08/2012 Hilo15

Redbulls · 4 Re: Trade Summary Market - 02/08/2012 Thu Aug 02, 2012 5:18 pm

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 16076
Reputation : 770
Join date : 2012-02-14

Trade Summary Market - 02/08/2012 020810

sriranga · 5 LBT:Market Thursday Thu Aug 02, 2012 5:46 pm

sriranga

Co-Admin

Posts : 6822
Equity Stars : 23041
Reputation : 2855
Join date : 2011-02-01
Location : London

Aug 02, 2012 (LBT) - Trading on the bourse opened on a positive note supported by last Tuesday’s meeting between government officials and brokers aimed at addressing market concerns and uplifting investor sentiment. The ASPI closed 0.3% higher at 4960 with relatively improved investor participation. Market turnover rose to LKR754 mn with trading in John Keells Holdings, Hatton National Bank and PCH Holdings accounting for 25% of the day’s total. Gainers outpaced losers with Ceylon Printers, Shaw Wallace and SMB Leasing(X) rising by 50.0%, 34.2% and 33.3% and offsetting declines in Office Equipment, Chemanex and Sathosa Motors which lost 11.6%, 10.1% and 9.9% respectively.

Meanwhile, Asian markets were mixed in tentative trade today ahead of a meeting of the European Central Bank that investors hope will produce a fresh round of stimulus measures to support the euro.

In economic news, inflation continued to rise during the month of July surging to a high of 9.8%(compared to 9.3% in June 2012). The rise in inflationary pressures is mainly attributable to the increase in food prices as a result of prevailing drought conditions that affected food production. Annual average inflation also edged up to 6.0% from 5.8% in June. Given the cost push nature of Sri Lanka’s inflation, we believe that high inflation may continue in the next few months on the back of higher import prices as a result of the depreciation of the rupee together with a negative impact of strong domestic interest rates.

Despite the country’s robust macro-economics (notwithstanding the current inflationary pressures), it is very disappointing to note that the Sri Lankan bourse has significantly underperformed the majority of global markets this year having declined by 31%YTD in dollar terms. While most market commentators have cited no credible reason for the market’s decline, we believe that it is purely a matter of negative domestic investor sentiment that has stifled investment flows into the bourse over the last couple of months, although in contrast, foreign investors have been cherry picking investments especially in blue chip counters.
http://lbt.lk/stock-market/movement/2365-lbtmarket-thursday